Skip to comments.Experts downbeat on global economy (Meeting in Europe )
Posted on 09/02/2011 9:17:00 AM PDT by Ernest_at_the_Beach
CERNOBBIO, Italy (AP) -- Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday -- with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility.
The year's events -- from natural disasters and violent uprisings to fears of debt defaults -- have not only sent shock waves through the financial world but also caused a slump in confidence among consumers and industry.
"There is a significant probability of a double-dip recession," pronounced New York University economist Nouriel Roubini, in opening remarks that lived up to his nickname of "Dr. Doom" -- earned for forecasting a financial crisis years before the 2008 crash, even as many reveled in the boom times.
(Excerpt) Read more at finance.yahoo.com ...
Meeting in secret to push for more of the same (higher taxes, bailouts for failures).
These people are making millions of dollars for the no results they give.
Why am I the one who is unemployed?
I’m curious: Have any of the Pubbie candidates stated where they stand on any future American taxpayer-funded bailouts of the ECB/Eurozone?
They keep saying "double dip".
Business does not give us any results? Don’t they actually give us the ONLY results?
they can meet all they like, I think the German voters are about to sound the death knell for their cozy little Globalist dream